Wilmington Trust Settles Shareholder Suit for $210MM

According to the Tampa Bay Times, a class action lawsuit brought against Wilmington Trust has resulted in a $210 million settlement. The suit alleged the bank concealed billions of dollars in bad loans from its shareholders. _x000D_
_x000D_
Accounting firm KPMG had previously reached a settlement agreement with the plaintiffs on May 21, noted the Times.._x000D_
_x000D_
The Times added the settlement came only three weeks after four former Wilmington Trust executives were found guilty of criminal fraud and conspiracy in connection with the federal bank bailout program.